Spain: Market for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards 2024

Market Size for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards in Spain

The Spanish non-woven glass fibre articles market soared to $X in 2021, increasing by 24% against the previous year. In general, consumption, however, continues to indicate a pronounced shrinkage. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards in Spain

In value terms, non-woven glass fibre articles production reached $X in 2021 estimated in export price. Over the period under review, production, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2018 when the production volume increased by 25% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards

Exports from Spain

In 2021, the amount of non-woven glass fibre webs, felts, mattresses and boards exported from Spain surged to X tons, jumping by 35% on the year before. Overall, exports enjoyed a buoyant expansion. The growth pace was the most rapid in 2018 when exports increased by 45%. The exports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, non-woven glass fibre articles exports soared to $X in 2021. Over the period under review, exports continue to indicate strong growth. The growth pace was the most rapid in 2018 with an increase of 57%. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

France (X tons), Portugal (X tons) and Morocco (X tons) were the main destinations of non-woven glass fibre articles exports from Spain, with a combined 55% share of total exports. Greece, Germany, Chile, India, the United States and Poland lagged somewhat behind, together comprising a further 31%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +92.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Portugal ($X) and Greece ($X) constituted the largest markets for non-woven glass fibre articles exported from Spain worldwide, together comprising 44% of total exports.

Greece, with a CAGR of +79.3%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average non-woven glass fibre articles export price amounted to $X per ton, reducing by -13.9% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average export price increased by 17% against the previous year. As a result, the export price reached the peak level of $X per ton, and then contracted in the following year.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards

Imports into Spain

In 2021, imports of non-woven glass fibre webs, felts, mattresses and boards into Spain soared to X tons, jumping by 22% on the previous year's figure. Over the period under review, imports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2019 when imports increased by 52% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, non-woven glass fibre articles imports soared to $X in 2021. In general, imports recorded a remarkable increase. The pace of growth was the most pronounced in 2019 when imports increased by 50% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, France (X tons) constituted the largest non-woven glass fibre articles supplier to Spain, with a 54% share of total imports. Moreover, non-woven glass fibre articles imports from France exceeded the figures recorded by the second-largest supplier, Portugal (X tons), fourfold. The third position in this ranking was held by China (X tons), with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from France amounted to +18.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+221.4% per year) and China (-12.1% per year).

In value terms, France ($X) constituted the largest supplier of non-woven glass fibre webs, felts, mattresses and boards to Spain, comprising 37% of total imports. The second position in the ranking was taken by Portugal ($X), with a 14% share of total imports. It was followed by China, with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France totaled +13.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+194.1% per year) and China (-8.4% per year).

Import Prices by Country

In 2021, the average non-woven glass fibre articles import price amounted to $X per ton, increasing by 12% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :